Twice Incorporated

Partially Secured Creditors

Notes Payable 1,500,000.00
Interest 450,000.00
Settlement price 1,950,000.00
% of recovery for PS 60%
Total Amnt Recovered 1,170,000.00
Security (Equipment) 750,000.00
Recovery for Usec Portion 420,000.00
Unsecured Portion 1,200,000.00
Percentage of Recov for USC w/o 35%

Unsecured Creditors without Priority

Accounts Payable 720,000.00 (600,000 + 120,000 Inventory purchase)
Accrued Expenses 450,000.00 (1,300,000 - 400,000 - 450,000)
Unsecured Portion of Psecured 1,200,000.00
Total USC without priority 2,370,000.00
Percentage of Recov for USC w/o 35%
Net Free Assets 829,500.00
With Priority 480,000.00 (Salaries, Benefits and Liq Expense)
Total Free Assets 1,309,500.00

Total Free Assets 1,309,500.00

Cash and Cash Equivalents 90,000.00
Trade and Other Receivables 292,600.00
1/2 of Inventories 420,000.00 {[(780,000 - 60,000) + 120,000] x 50%}
Excess from Fully Secured 20,000.00 [(1,600,000 + 420,000) - 2,000,000]
Realizable Value of Short Term Inv 486,900.00

Itzy Incorporated
12%
Annl Inst Interest Amort CA
1/1/2021 650,000.00
12/31/2021 214,002.00 78,000.00 136,002.00 513,998.00
12/31/2022 214,002.00 61,679.76 152,322.24 361,675.76
12/31/2023 214,002.00 43,401.09 170,600.91 191,074.85
12/31/2024 214,002.00

Collection applicable to principal 170,600.91

GP rate 25%
Realized Gross Profit 42,650.23

BTS

Net Free Assets 2,519,000.00

% of recovery for USC 55%
Total USC without priority 4,580,000.00
USC without Priority 3,900,000.00
USC portion of partially secured 680,000.00
Partially secured Liabilities 2,800,000.00
RV of security 2,120,000.00
Recovery from USC portion 374,000.00
Total recovery of PS 2,494,000.00

Black Pink
Y 2018 Y 2019 Y 2020 Y 2021
Installment sales 4,906,660.00 3,560,900.00 7,840,480.00 8,960,690.00

Downpayment 490,666.00 356,090.00 784,048.00 896,069.00

Balance 4,415,994.00 3,204,810.00 7,056,432.00 8,064,621.00

1st Installment from 2021 sales 1,209,693.15
2nd Installment from 2020 sales 1,411,286.40
3rd installment from 2019 sales 1,121,683.50
last installment frorm 2018 sales 1,324,798.20
Total collection in 2021 5,963,530.25
GP rate 1/5
Realized gross profit in 2021 1,192,706.05

TVXQ

2019 sales
DGP Beginning 975,500.00
DGP, ending 435,600.00
RGP 539,900.00
GP rate 20%
Collection from 2019 sales 2,699,500.00

2020 sales
DGP Beginning 2,000,750.00
DGP, ending 1,875,455.00
RGP 125,295.00
GP rate 25%
Collection from 2020 sales 501,180.00

2021 sales
Cost of Inst Sales 8,225,560.00
Cost ratio 100%/130%
Instalment Sales 10,693,228.00
 GP rate 30%/130%
DGP, beginning 2,467,668.00
DGP, ending 2,201,658.00
RGP 266,010.00
GP rate 30%/130%
Collection 1,152,710.00

Total Collections 4,353,390.00

nventory purchase)
- 450,000)

d Liq Expense)

+ 120,000] x 50%}
0) - 2,000,000]